The Economic and Financial Crimes Commission today arraigned a Jalingo, Taraba State-based businessman, Yusuf Isa Ahmed before Justice Filibus B. Andetur of the Taraba State High Court sitting in Jalingo on a 3 - count charge that borders on issuance of dud cheques contrary to Section 1(1)(a)(i) of Dishonoured Cheque (Offences ) CAP D11(Laws of the Federation) Act 2007.The accused was arrested following a petition by Osychris Industries Nigeria Limited alleging that Ahmed who is the sole proprietor of Yuij Consult in Jalingo failed to fulfill his obligations in a contract to sell 230 units of Frajend motorcycles valued at N27million (twenty seven million naira).
According to the petitioner, Yusuf was entrusted with 230 units of Frajend motorcycles worth N27, 000,000 (Twenty seven million naira) to sell and remit the proceeds to Osychris Nigeria Limited on a monthly basis over a 17 months period.
Yusuf allegedly remitted only N10, 357,000 (ten million three hundred and fifty-seven thousand naira only). Thereafter, he issued several cheques which were dishonoured by the bank for lack of sufficient funds in the account.
The accused pleaded not guilty to the charge and was granted bail in the sum of N1.5m. His surety is also to show evidence of ownership of a landed property within the jurisdiction.
The case was adjourned till February 20, 2014 for commencement of trial.
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